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Alphabet Inc. (GOOG) Stock Surges 3% on Meta Cloud Deal and Global AI Expansion
Alphabet Inc. (GOOG) Stock Surges 3% on Meta Cloud Deal and Global AI Expansion
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Alphabet Inc. shares climbed 3.46% to $207.57 following two pivotal announcements: a $10 billion cloud agreement with Meta Platforms and the worldwide deployment of AI-driven services. The six-year deal will see Meta leverage Google's cloud infrastructure—servers, networking, and storage—to scale its operations. This partnership underscores Google's growing dominance in cloud computing, coming shortly after its collaboration with OpenAI.
Meta's commitment to AI infrastructure is evident in its revised capital expenditure forecast of $66 billion to $72 billion. The global rollout of Google's AI tools across 180 countries further solidifies Alphabet's position as a leader in both cloud services and artificial intelligence.
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